Idera: 2Q Earnings Snapshot
EXTON, Pa. (AP) _ Idera Pharmaceuticals Inc. (IDRA) on Thursday reported a loss of $11.2 million in its second quarter.
The Exton, Pennsylvania-based company said it had a loss of 39 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 42 cents per share.
The drugmaker posted revenue of $1.4 million in the period.
The company’s shares closed at $2.56. A year ago, they were trading at $5.72.